STRATIFY: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
STRATIFY
Largest movements
- Cash -€80,025
down €80,025 (-58.0%), from €137,959 to €57,934
mainly Contributions, distributions and other (-€300,000) and Investment in fixed assets (net) (-€63,820)
- Receivables within one year -€21,182
down €21,182 (-6.6%), from €320,986 to €299,804
of which Trade receivables: -€32,282
- Profit (loss) carried forward -€109,067
down €109,067 (-45.8%), from €237,950 to €128,883
- Advances received +€47,815
up €47,815 (+247%), from €19,360 to €67,175
- Current portion of long-term debt +€42,595
up €42,595 (+538%), from €7,913 to €50,509
- Other debts -€39,840
down €39,840 (-45.0%), from €88,496 to €48,656
- Tax, wage and social debts -€19,353
down €19,353 (-12.6%), from €153,047 to €133,693
of which Remuneration and social security: -€49,611
- Gross operating margin -€98,997
down €98,997 (-20.4%), from €485,556 to €386,559
- Financial charges +€29,009
up €29,009 (+98.1%), from €29,556 to €58,565
of which Financial charges: +€17,130
- Depreciation +€16,024
up €16,024 (+35.5%), from €45,123 to €61,147
- Taxes -€11,547
down €11,547 (-13.9%), from €83,051 to €71,504
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €634,116 | €537,384 | -€96,733 | -15.3% |
| Fixed assets | 21/28 | €172,698 | €175,370 | +€2,672 | +1.5% |
| Tangible fixed assets | 22/27 | €156,058 | €158,730 | +€2,672 | +1.7% |
| Plant, machinery and equipment | 23 | €2,278 | €4,421 | +€2,142 | +94.0% |
| Furniture and vehicles | 24 | €83,016 | €93,649 | +€10,633 | +12.8% |
| Other tangible fixed assets | 26 | €70,763 | €60,661 | -€10,103 | -14.3% |
| Financial fixed assets | 28 | €16,640 | €16,640 | = | 0.0% |
| Current assets | 29/58 | €461,418 | €362,013 | -€99,405 | -21.5% |
| Amounts receivable within one year | 40/41 | €320,986 | €299,804 | -€21,182 | -6.6% |
| Trade receivables | 40 | €83,874 | €51,591 | -€32,282 | -38.5% |
| Other amounts receivable | 41 | €237,112 | €248,213 | +€11,100 | +4.7% |
| Cash at bank and in hand | 54/58 | €137,959 | €57,934 | -€80,025 | -58.0% |
| Deferred charges and accrued income | 490/1 | €2,474 | €4,276 | +€1,802 | +72.8% |
| Total equity and liabilities | 10/49 | €634,116 | €537,384 | -€96,733 | -15.3% |
| Equity | 10/15 | €258,410 | €149,343 | -€109,067 | -42.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €237,950 | €128,883 | -€109,067 | -45.8% |
| Amounts payable | 17/49 | €375,706 | €388,041 | +€12,335 | +3.3% |
| Amounts payable after more than one year | 17 | €89,058 | €80,351 | -€8,707 | -9.8% |
| Financial debts | 170/4 | €89,058 | €80,351 | -€8,707 | -9.8% |
| Amounts payable within one year | 42/48 | €286,648 | €307,689 | +€21,042 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €7,913 | €50,509 | +€42,595 | +538% |
| Trade debts | 44 | €17,832 | €7,657 | -€10,175 | -57.1% |
| Suppliers | 440/4 | €17,832 | €7,657 | -€10,175 | -57.1% |
| Advances received on contracts in progress | 46 | €19,360 | €67,175 | +€47,815 | +247% |
| Taxes, remuneration and social security | 45 | €153,047 | €133,693 | -€19,353 | -12.6% |
| Taxes | 450/3 | €103,435 | €133,693 | +€30,258 | +29.3% |
| Remuneration and social security | 454/9 | €49,611 | - | -€49,611 | |
| Other amounts payable | 47/48 | €88,496 | €48,656 | -€39,840 | -45.0% |
| Non-recurring operating income | 76A | - | €11,054 | +€11,054 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,123 | €61,147 | +€16,024 | +35.5% |
| Other operating charges | 640/8 | €4,713 | €4,411 | -€302 | -6.4% |
| Gross operating margin | 9900 | €485,556 | €386,559 | -€98,997 | -20.4% |
| Operating profit (loss) | 9901 | €435,720 | €321,001 | -€114,719 | -26.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €29,556 | €58,565 | +€29,009 | +98.1% |
| Recurring financial charges | 65 | €29,556 | €46,687 | +€17,130 | +58.0% |
| Non-recurring financial charges | 66B | - | €11,879 | +€11,879 | |
| Profit (loss) for the period before taxes | 9903 | €406,164 | €262,437 | -€143,727 | -35.4% |
| Income taxes | 67/77 | €83,051 | €71,504 | -€11,547 | -13.9% |
| Profit (loss) for the period | 9904 | €323,112 | €190,933 | -€132,180 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €323,112 | €190,933 | -€132,180 | -40.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.